VIRGINIA RETIREMENT SYSTEMS ET Al Raises Stock Position in Garrett Motion Inc. $GTX

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Garrett Motion Inc. (NASDAQ:GTX) by 89.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,500 shares of the company’s stock after purchasing an additional 29,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Garrett Motion were worth $1,072,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management increased its position in Garrett Motion by 971.2% during the 4th quarter. Spire Wealth Management now owns 1,489 shares of the company’s stock valued at $26,000 after purchasing an additional 1,350 shares during the period. TD Waterhouse Canada Inc. increased its position in Garrett Motion by 1,422.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,705 shares of the company’s stock valued at $30,000 after purchasing an additional 1,593 shares during the period. Jones Financial Companies Lllp purchased a new position in Garrett Motion during the 1st quarter valued at $42,000. Tower Research Capital LLC TRC purchased a new position in Garrett Motion during the 2nd quarter valued at $45,000. Finally, Harbor Capital Advisors Inc. increased its position in Garrett Motion by 99.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,453 shares of the company’s stock valued at $60,000 after purchasing an additional 1,720 shares during the period. 86.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Daniel A. Ninivaggi sold 17,178 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $31.22, for a total transaction of $536,297.16. Following the sale, the director directly owned 124,885 shares of the company’s stock, valued at approximately $3,898,909.70. This represents a 12.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Daniel Deiro sold 20,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $20.29, for a total transaction of $405,800.00. Following the sale, the senior vice president directly owned 160,994 shares in the company, valued at $3,266,568.26. This trade represents a 11.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 354,178 shares of company stock valued at $7,375,587. Company insiders own 1.10% of the company’s stock.

More Garrett Motion News

Here are the key news stories impacting Garrett Motion this week:

• Positive Sentiment: JPMorgan Chase raised its price target on Garrett Motion and reiterated an overweight/buy-type stance, signaling confidence in the company’s near-term upside. JPMorgan Raises Garrett Motion Price Target
• Positive Sentiment: Analysts also highlighted rising earnings estimate revisions, which often supports a stock as investors grow more optimistic about future profits. Rising Earnings Estimates Article
• Positive Sentiment: News that Garrett Motion’s partnership with Ingersoll Rand is fitting into strong share-price momentum suggests investors are rewarding strategic progress and business execution. Garrett Motion Partnership With Ingersoll Rand
• Positive Sentiment: The company also lifted its 2026 outlook after a strong first quarter, reinforcing the view that fundamentals are improving. Garrett Motion Lifts 2026 Outlook After Strong Q1
• Neutral Sentiment: Director Daniel A. Ninivaggi sold 17,178 shares in a pre-arranged Rule 10b5-1 transaction. While insider sales can draw attention, the planned nature of the trade makes it less concerning than an open-market sale. SEC Filing for Insider Sale

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GTX. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 target price on shares of Garrett Motion in a research report on Friday, May 1st. BWS Financial upped their target price on shares of Garrett Motion from $22.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings began coverage on shares of Garrett Motion in a research report on Wednesday, April 29th. They issued a “buy (b)” rating on the stock. Stifel Nicolaus upped their target price on shares of Garrett Motion from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of Garrett Motion from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.80.

Garrett Motion Price Performance

NASDAQ:GTX opened at $30.98 on Friday. Garrett Motion Inc. has a 1-year low of $9.57 and a 1-year high of $32.44. The firm’s 50-day moving average price is $20.76 and its 200-day moving average price is $18.93. The company has a market capitalization of $5.80 billion, a PE ratio of 18.12, a P/E/G ratio of 1.03 and a beta of 0.70.

Garrett Motion (NASDAQ:GTX) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. Garrett Motion had a net margin of 9.29% and a negative return on equity of 42.77%. The company had revenue of $985.00 million for the quarter, compared to the consensus estimate of $917.23 million. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts anticipate that Garrett Motion Inc. will post 1.83 EPS for the current fiscal year.

Garrett Motion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. Garrett Motion’s dividend payout ratio is 18.71%.

Garrett Motion Company Profile

Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.